{"data":{"id":"us-nv/nrs-682a.053","jurisdiction":"us-nv","citation":"NRS 682A.053","heading":"“Covered” defined.","body":"“Covered” means that an insurer owns or can immediately acquire, through the exercise of options, warrants or conversion rights already owned, the underlying interest to fulfill or secure its obligations under a call option, cap or floor it has written, or has set aside in accordance with a custodial or escrow agreement, cash or cash equivalents with a market value equal to the amount required to fulfill its obligations in accordance with a put option it has written, in an income generation transaction.","path":["TITLE 57 — INSURANCE","CHAPTER 682A - INVESTMENTS","GENERAL PROVISIONS","Definitions"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-682A.html#NRS682ASec053","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"f54fd39af07f7108b459dccac08f16ad8331e26a62c2784e5b0000ffb4847b29","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-682a.049","next":"us-nv/nrs-682a.055"},"notice":"GroundRules: Original legal text. Not legal advice."}